【Daily English Learning*】-20190813
Thread Content
Learn a little English every day, make a little progress each day, and you will surely see results! The standard theory, which all economists learn, is that competitive markets are efficient, in the precise but limited sense that in a well-functioning free market it is impossible to make anyone better off without hurting at least one other person. In other words, in a properly functioning free market, it is not possible to improve one person’s situation without harming another person’s interests; it is in this accurate and limited sense that competitive markets are considered efficient. This is a general fact known to all economists.
In a well-functioning free market, it is impossible to make one person rich without harming another’s interests—and in this precise and limited sense, competitive markets are effective. This is a general fact known to all economists.
In a well-functioning free market, it is impossible to make one person rich without harming another’s interests—and in this precise and limited sense, competitive markets are effective. This is a general fact known to all economists.
in a well-functioning free market……
In a well-functioning free market, it is impossible to make one person rich without harming another’s interests—and in this precise and limited sense, competitive markets are effective. This is a general fact known to all economists.
In a well-functioning free market, it is impossible to make one person rich without harming another’s interests—and in this precise and limited sense, competitive markets are effective. This is a general fact known to all economists